Anyone Else Happy To See Silver Drop?

Just purchased some silver, now just have to sit and wait till it goes back to $50.

I for one would like it to go back down more myself. I've bought many of the silver eagles and I've also bought silver bullion bars here and there also. I didnt think it would ever go up in price significantly and wish I had been hording a bit more than I have. When I was buying silver I was buying more or less with the mind set that I would eventually have enough volume to amount to something over time. If I recall correctly, when I was steadily buying silver as I could, it was never over $15/oz. So what I do have has significantly appreciated. If it goes back under $30/oz or lower I will be buying in significant quantities.

I am of the belief that with gold prices so high that it has priced many people, that were buying that as an investment, out of the market and they will flock more or less to silver which I hope will drive the price of it higher. It would appear that the 'Great Recession' as they are calling it now has brought some of that to fruition. I've already discussed with the wife about buying a few ounces a month or more unless it drops significantly and then it will be more than that.

I don't understand how it can go up and down in price nearly $5 a day. Back in 2001 you could buy an ounce for about $5 I thought. In watching the 24 hour kitco spot silver charts, it seems to go down in price during trading hours in the U.S., then gets good support the rest of the time.

It's dragging right @ $35/oz. If it punctures that hold price, could drop even more, but that's the breaks with the PM markets. Kill or be killed is the game...

I am with most people here, I am mixed about it dropping. I am happy that I can get more now at a good price, but it makes what I have worth less for the time being.

something to think about
if you aren't planning on selling then how high it gets doesn't matter!!
I wanted silver to go through the roof until I realized I have NEVER sold a coin in the 2 years I have been collecting
if you avidly move your coins around and buy and sell then that's one thing but if not who cares how much your collection is worth, it isn't for sale

...and dropping it is...down about $1.50 today.

I bought 1.5kg of silver last week at 34.40. It appears to be a dip to me, but should at least move back up and to the mid-40's again if it is going down. It's volatile enough that you can wait to get the price you want. If it goes below what I paid, I'll just hold it. I do sell coins from time to time, mostly upgrades and series that I've completed and no longer interested in. I think it's fun to make room for something new.